F.N.B. (NYSE:FNB) Raised to “Hold” at UBS Group

F.N.B. (NYSE:FNB) was upgraded by equities research analysts at UBS Group to a “hold” rating in a research report issued on Monday, Zacks reports.

A number of other equities research analysts have also issued reports on the company. Bank of America reaffirmed a “neutral” rating and issued a $19.00 price target (down from $20.00) on shares of F.N.B. in a research report on Monday, July 20th. Wells Fargo & Company upped their target price on shares of F.N.B. from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Truist Financial cut their target price on shares of F.N.B. from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Monday, July 20th. Wall Street Zen raised shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of F.N.B. in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, F.N.B. has an average rating of “Moderate Buy” and an average price target of $20.75.

F.N.B. Stock Performance

NYSE:FNB opened at $18.26 on Monday. F.N.B. has a 52 week low of $14.45 and a 52 week high of $19.59. The company has a fifty day simple moving average of $18.79 and a two-hundred day simple moving average of $17.97. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.29. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 1.16 and a beta of 0.84.

F.N.B. (NYSE:FNB) last released its earnings results on Friday, July 17th. The bank reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. F.N.B. had a return on equity of 9.10% and a net margin of 22.29%.The firm had revenue of $463.00 million during the quarter, compared to analyst estimates of $467.13 million. During the same period last year, the business posted $0.36 earnings per share. As a group, equities analysts anticipate that F.N.B. will post 1.69 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Bryant Mitchell David sold 4,055 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $19.25, for a total value of $78,058.75. Following the transaction, the insider owned 144,283 shares in the company, valued at approximately $2,777,447.75. This represents a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On F.N.B.

Several institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC boosted its holdings in F.N.B. by 66.8% in the first quarter. Root Financial Partners LLC now owns 2,047 shares of the bank’s stock valued at $34,000 after purchasing an additional 820 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in F.N.B. by 61.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,602 shares of the bank’s stock worth $62,000 after purchasing an additional 1,369 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of F.N.B. by 50.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,289 shares of the bank’s stock worth $63,000 after buying an additional 1,106 shares during the last quarter. Nykredit A S purchased a new stake in shares of F.N.B. during the 2nd quarter worth approximately $121,000. Finally, Pinnacle Holdings LLC acquired a new position in shares of F.N.B. in the 2nd quarter valued at $135,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.

About F.N.B.

F.N.B. Corporation is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. It operates primarily through its banking subsidiary, First National Bank of Pennsylvania, which provides services to consumers, businesses, and institutional clients.

The company offers a broad range of banking products and services, including checking and savings accounts, consumer lending, residential and commercial real estate financing, business loans, treasury management, and wealth management.